n Inside Mining - Cost estimation for new mines : open-pit mining & contracting

Volume 9, Issue 9
  • ISSN : 1999-8872


In a technical paper, entitled 'A Proposed Approach For Modelling Competitiveness Of New Surface Coal Mines', the authors - MD Budeba, JW Joubert and RCW Webber-Youngman - state that cost estimation for surface coal mines is a critical practice that affects both profitability and competitiveness. They also write that new mines require these costs to be estimated using available information before a project begins - a statement that new mines surely will agree with. They further explain that the competitiveness and profitability of a coal mine is based on the costs of production and the supply position on the cost curve.

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